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SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
SCHEDULE 13G
Under the Securities and Exchange Act of 1934
Giddings & Lewis Inc.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
375048-10-5
(CUSIP Number)
Check the following space if a fee is being paid with this
statement X
The information required in the remainder of this cover page
(except any items to which the form provides a cross-
reference) shall not be deemed to be "filed" for the purpose
of Section 18 of the Securities Exchange Act of 1934 ("Act")
or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the
Act.
CUSIP NO. 375048-10-5
1) Name of Reporting Person American Express Company
S.S. or I.R.S. Identification IRS No. 13-4922250
No. of Above Person
2) Check the Appropriate Box
(a)
if a Member of a Group (b) X - Joint Filing
3) SEC Use Only
4) Citizenship or Place of Organization New York
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH
(5) Sole Voting Power -0-
(6) Shared Voting Power 800,000
(7) Sole Dispositive Power -0-
(8) Shared Dispositive Power 2,854,580
9) Aggregate Amount Beneficially
Owned by Each Reporting Person 2,854,580
10) Check if the Aggregate Amount in
Row (9) Excludes Certain Shares Not Applicable
11) Percent of Class Represented by
Amount In Row (9) 8.3%
12) Type of Reporting Person CO, HC
CUSIP NO. 375048-10-5
1) Name of Reporting Person American Express Financial Advisors
Inc.
(Formerly IDS Financial Corporation)
S.S. or I.R.S. Identification IRS No. 13-3180631
No. of Above Person
2) Check the Appropriate Box (a)
if a Member of a Group (b) X - Joint Filing
3) SEC Use Only
4) Citizenship or Place of Organization Delaware
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH
(5) Sole Voting Power -0-
(6) Shared Voting Power 800,000
(7) Sole Dispositive Power -0-
(8) Shared Dispositive Power 2,854,580
9) Aggregate Amount Beneficially
Owned by Each Reporting Person 2,854,580
10) Check if the Aggregate Amount in
Row (9) Excludes Certain Shares Not Applicable
11) Percent of Class Represented by
Amount In Row (9) 8.3%
12) Type of Reporting Person CO, IA
1(a) Name of Issuer: Giddings & Lewis Inc.
1(b) Address of Issuer's Principal 142 Doty Street
Executive Offices: Fond Du Lac, WI 54935
2(a) Name of Person Filing: American Express Company
American Express Financial Advisors
Inc.
(formerly IDS Financial Corporation)
2(b) Address of Principal Business Office: American Express Company
American Express Tower
World Financial Center
New York, NY 10285
American Express Financial Advisors
Inc.
IDS Tower 10
Minneapolis, MN 55440
2(c) Citizenship: See Item 4 of Cover Page
2(d) Title of Class of Securities: Common Stock
2(e) Cusip Number: 375048-10-5
3 Information if statement is filed pursuant to Rules 13d-1(b)
or 13d-2(b):
American Express Company, one of the persons filing
this statement, is a Parent Holding Company in
accordance with Rule 13d-1(b)(ii)(G).
American Express Financial Advisors Inc. (formerly IDS Financial
Corporation), one of the persons filing this statement, is an
Investment Advisor registered under section 203 of the Investment
Advisors Act of 1940.
4 (a) Amount Beneficially Owned as of December 31, 1994: See Item 9 of
cover pages.
(b) Percent of Class: See Item 11 of Cover Pages
(c) Number of Shares as to which such person has:
(i)Sole power to vote or to direct the vote: See Item 5 of Cover
Pages
(ii)Shared power to vote or direct the vote: See Item 6 of Cover
Pages
(iii)Sole power to dispose or to direct the disposition of: See
Item 7 of Cover Pages
(iv)Shared power to dispose or to direct the disposition of:
See Item 8 of Cover Pages
5 Ownership of 5% or Less of a Class:
If this statement is being filed to report the
fact as of the date hereof the reporting person
has ceased to be the beneficial owner of more
than five percent of the class of securities,
check the following ( ).
6 Ownership of more than 5% on Behalf of Another Person:
Not Applicable
7 Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on by the Parent
Holding Company:
See Exhibit I
8 Identification and Classification of Members of the Group:
Not Applicable
9 Notice of Dissolution of Group:
Not Applicable
10 Certification:
By signing below I certify that, to the best of
my knowledge and belief, the securities referred
to above were acquired in the ordinary course of
business and were not acquired for the purpose of
and do not have the effect of changing or
influencing the control of the issuer of such
securities and were not acquired in
connection with or as a participant in any
transaction having such purposes or effect.
After reasonable inquiry and to the best of my
knowledge and belief, I certify that the
information set forth in this statement is true,
complete and correct.
Dated: December 31, 1994
American Express Financial Advisors Inc.
(formerly IDS Financial Corporation)
By: /s/ J.R. Amundson
From: J.R. Amundson
Title: VP-Investment Accounting Operations
Exhibit Index
Exhibit I Identification and Classification of the Subsidiary which
Acquired the Security Being Reported on by the Parent
Holding Company.
Exhibit II Statement of American Express Company
Exhibit III Statement of American Express Financial Advisors Inc.
(formerly IDS Financial Corporation)
Exhibit I
to
Schedule 13G
One of the persons filing this statement is a parent holding
company. The relevant subsidiary, American Express Financial
Advisors Inc. (formerly IDS Financial Corporation),
a Delaware Corporation,is registered as an investment
advisor under section 203 of the Investment Advisors Act of 1940.
Exhibit II
to
Schedule 13G
Under the Securities Exchange Act of 1934 American Express
Company, American Express Tower, World Financial Center, New
York, New York disclaims beneficial ownership of the
securities referred to in the Schedule 13G to which this
exhibit is attached, and the filing of this Schedule 13G
shall not be construed as an admission that American Express
Company is, for the purpose of Section 13(d) or 13(g) of the
Securities Exchange Act of 1934, the beneficial owner of any
securities covered by this Schedule 13G.
Pursuant to Rule 13d-1(f)(1) and subject to the preceding
disclaimer, American Express Company affirms it is
individually eligible to use Schedule 13G and agrees that
this Schedule is filed on its behalf, and authorizes the
President, any Vice President, the Comptroller, the
Secretary, and the General Counsel of any Associate General
Counsel, each with power to act singly, of each subsidiary
of American Express Company making this filing to sign this
statement on behalf of American Express Company.
AMERICAN EXPRESS COMPANY
By: /s/ Stephan P. Norman
Name: Stephan P. Norman
Title: Secretary
Exhibit III
to
Schedule 13G
Under the
Securities Exchange Act of 1934
Pursuant to Rule 13d-1(f)(1), American Express Financial
Advisors Inc. (formerly IDS Financial Corporation)
affirms that it is individually eligible to use Schedule 13G
and agrees that this Schedule is filed in its behalf.
American Express Financial Advisors Inc.
(formerly IDS Financial Corporation)
By: /s/J.R. Amundson
Name: J.R. Amundson
Title: Vice President - Investment Accounting Operations
